Fundraising

Of course legal counsel and modification is advised. But which jurisdiction is the template based on?

I am new to raising a venture fund and am focused on securing investors in the UK market. Should I focus more on attracting high-net-worth individuals, family offices, or institutions, and what approaches have proven successful in the UK ecosystem? 

There are a few funds that publicly accept money for their existing funds. For example, alumni ventures https://www.av.vc/av-funds. They have multiple funds and one (meaning any individual) can choose which fund to invest in.  1- is that not considered general solicitation because the fund already exists? But if the fund already exists, then its size is already known so when they raise more money for the same fund, then why doesn't it qualify as a new fund, which means they should not do general solicitation?  2- The minimum check size for alumni ventures is 10K. How ae they able to do that given there is overhead associated with getting small checks from LPs? 

Adeo mentioned that if our thesis is strong, we can expect a ~20% conversion rate from the chats we have with potential LPs. But when Gabriel Jarrosson spoke about his experience during yesterday's webinar, he mentioned that one usually has to speak to hundreds, if not thousands, to close on a first fund. From your past cohorts overall, what is the distribution of this conversion rate (eg median, worst case scenario, best case scenario)? Thanks

This question explores whether Decile Group offers a premium service that accelerates LP-GP matchmaking using AI, exclusive networks, or other tools. It would be useful to know if the higher fee provides priority access, real-time matching, or pre-vetted connections, and how "instantly" is defined (minutes, hours or days instead of months).

If a venture partner makes an intro that results in an LP signing. Can I compensate them with a cash consulting fee? Is there an industry standard rate, that relates to the size of the LP commitment?

Is there a reason the following brackets are in the base PACT agreement and can they be removed for a US fund? The undersigned understands that the Offering is being made without registration under any securities law in any jurisdiction, including the [Securities Act of 1933 (the “Securities Act”), as amended, or any securities law of any state of the United States], and is being made only to ["accredited investors" (as defined in the Securities Act)].

When you send out a deck, is there a way where you can have the PACT link show up on the same screen as the deck while they are reviewing it?  Not including the PACT link in the email that also has a link to the presentation, but a PACT link that is visible on the same computer screen as the deck.  Would make it easier for someone to click on the PACT link while reviewing the deck instead of having to click somewhere else. Like when you buy something on the web, the item and the price are on the same screen that make it easier to buy.

What have folks used in the past? Any recommendations?

It is for a different fundraising from the one of my fund. 

Link here: https://www.investopedia.com/terms/j/jumpstart-our-business-startups-act-jobs.asp

1. If you are asking only accredited investors to attend a "Content" event, what is a reasonable assumption that they will then attend a "Conversion" event? 2. How large should your Content event be in order to have enough interest for a Conversion event, in general? 3. How large should your Conversion event be in order to secure at least 1 PACT, in general? 4. What is a targeted attendance for a successful Conversion event?  Don't want it to be too small or too large. Thank you.

What is your advice/reaction to a founder that wants to issue two levels of SAFE notes? Level 1: Minimum Investment: $10,000  Conversion Terms: Convertible to stock in the Series A round at a $20 million pre-money valuation cap.   Level 2: Minimum Investment: $50,000  Conversion Terms: Convertible to stock in the Series A round at a $10 million pre-money valuation cap.

A potential Venture Partner, tells me they can help me raise 30% of my target.  I know I cannot give them cash or an earning proportional to the amount they raised. Is a percentage of carry the only compensation option? How much would be a reasonable percentage of the carry for leads to raise 30% of the total fund? Thanks

What differences do I as a need to be aware of as a new fund manager based in US, talking to a US person working in the UAE?

An propective LP wants some assurance that their commitment will not be called substantially faster than the proposed 3-4 year investment period. What's the best way to address this contractually in the LPA, and in practice?

My experience with connectors is limited, and it's unpredictable to determine which contacts might be good connectors in advance. Those I initially thought could be good connectors sometimes didn't fit the bill. How can I identify who to approach? How do I build a connector archetype?

Using them for newsletters, attending targeted conferences, general networking, and cold calls seem like good places to start, but are there any other ideas/strategies/best practices?  Thank you.

Do you share the fund's current AUM to early LPs when catching up after some time/when asking for LP intros?  How do you position it so it's a positive and not a negative?  How do you leverage it to get more LP intros?

I recently discovered that a few VC Lab cohort members live in the DC area. I am wondering about the effectiveness of planning LP events with other GPs.  What’s more beneficial to GPs and more attractive to LPs - a larger joint event like a happy hour or a smaller, more intimate one like a dinner? Is it good to cross-pollinate potential LPs?

WIth a target fund size of $4 MM, should I be aiming for more than $500k in my first close? 

Mike had mentioned it this week - 'fill in the form' for PACT signing. Is it better softer language (more inviting) that we're going for to up PACT signing %? I don't think we can edit banner language and have prompted Robert about the possibility of customizing.

Hi all, I am working on a potential small insider bridge round for a portco (capped SAFE) and there are three key existing investors in the mix for this. The other two investors want to chat amongst ourselves about valuation etc. before responding to the CEOs proposal, which I feel is collusion (whether immoral or illegal, doesn't matter). I think the better course of action is for each of us to independently come up with what we feel is appropriate for the round, share that directly with CEO, and then the negotiations can commence. Any thoughts much appreciated! (NOTE: I was an operator until very recently so maybe I have too many scars from being on the other side of the table)

I just got this questions from a potential LP:  What should i assume in terms of overall MOIC and target timing? Appreciate exits are hard to predict, but what should be the target based on the seed-stage VC asset class? 3-5x MOIC and some liquidity in 10-12 years?  How would you answer this?

If I email a custom PACT link to an LP, till what time period they can use it?

Hi, our previous fund sits as a nominee of an FCA regulated fund, we manage all the investments and fundraising, they manage the reporting and compliance with the FCA to allow us to operate. This is a fairly standard structure for early stage funds in the UK but we were told that this impacts our investing track record and should consider ourselves as 'raising our first fund'.  I have got conflicting opinions on how this impacts our track record - could anyone explain why this is potentially negative?

What year-over-year revenue growth percentage should you look for from a SaaS-based startup in order to consider it for a Series B fundraising round?